The VR industry is flourishing, with a future full of promise. From July 20th to 21st, 2018, the ‘Greater Bay Area Unicorn Summit’ was grandly held at the Shenzhen Convention and Exhibition Center. The forum was hosted by the Shenzhen Investment Chamber of Commerce, Guoxin Securities Co., Ltd., Shenzhen Science and Technology Evaluation Management Center, and Qianhai Wutong M&A Investment Fund Management Co.
, Ltd. Organized by Qianhai Wutong M&A Investment Fund Management Co., Ltd., Southern Venture Network, and Boutique Investment Club, and co-hosted by Hongshang Wealth, Hualian Holdings, China Merchants Shekou, Xinhu Wealth, Qiaocheng Square, Zhizai Technology, and Jinfeng Biology. Government leaders from cities such as Guangzhou, Shenzhen, Zhuhai, Dongguan, Zhongshan, Jiangmen, and Zhaoqing, leaders from the Shenzhen Stock Exchange and Hong Kong Stock Exchange, over 200 unicorn/near-unicorn/potential unicorn enterprises, more than 400 investment institutions, and over 50 wealth management companies gathered together to discuss the rational investment path for unicorn enterprises. After the meeting, the ‘Greater Bay Area Unicorn White Paper (2018)’ was released (hereinafter referred to as the ‘White Paper’), and Shenzhen Virtual Reality Technology Co., Ltd. (referred to as 3Glasses) was selected into the list of potential unicorn enterprises. The ‘White Paper’ includes a total of 118 unicorn-related enterprises in the Guangdong-Hong Kong-Macao region, including 2 super unicorns, 33 unicorns, 26 near-unicorns, and 57 potential unicorn enterprises. The combined market value of the 118 enterprises is about 120 billion US dollars, mainly concentrated in industries such as high-end equipment and intelligent hardware manufacturing, AR/VR, internet finance, e-commerce, internet services, and biomedicine, fully demonstrating the economic vitality of the Guangdong-Hong Kong-Macao region. The selection criteria for ‘potential unicorn’ enterprises in Shenzhen are relatively strict, with high thresholds in terms of establishment time, industry direction, financing amount, intellectual property rights, and enterprise valuation. The successful selection of 3Glasses this time, to some extent, indicates that the company has strong competitiveness in comprehensive quality. 3Glasses is a leader in China’s virtual reality (VR) and mixed reality (Windows Mixed Reality) industry, a national high-tech enterprise, with a complete product supply process from hardware to software, from design, research and development to production, and sales. The company owns 285 VR core technology patents, most of which are concentrated in the fields of optics and algorithms. Nowadays, 3Glasses has become one of the few manufacturers in the world that can stably supply VR helmets, with products sold directly to 33 countries worldwide, and is one of the most well-known Chinese VR brands overseas.In March 2018, Lead Turbo Limited, the holding parent company of 3Glasses, introduced Digital Domain Group (HKSE00547). The group invested 240 million yuan in the first phase, becoming one of the most important shareholders of 3Glasses. The combination of 3Glasses’ VR headset hardware capabilities with world-class Hollywood VR content production, 360-degree camera technology, VR cinema channels, and capital market financing pipelines will create a world-class VR scenario.
From its inception, 3Glasses has grown from a top-tier hardware headset manufacturer to a high-quality VR solution provider, with successful industry-level solution cases focused on VR education, VR entertainment, VR cultural industries, and VR real estate. At the same time, 3Glasses is not only the only VR partner of Microsoft Windows Mixed Reality in China but also the first VR company to pioneer the offline VR experience store model. Yunqi 2.0 is an important strategy for 3Glasses in the next phase. It focuses on technological accumulation in hardware, continuous iteration; with the VR mini-host 3BOX as a platform carrier, connecting the hardware ecosystem (other 3Glasses products, TVs, mobile phones, and various interactive devices), and VRSHOW as the content platform, enabling 3Glasses to provide professional VR comprehensive solutions and services, creating a new pattern in the VR industry. The Guangdong-Hong Kong-Macao Greater Bay Area, as a world-class strategic highland that will benchmark the San Francisco Bay Area in the future, has nurtured an ecological environment conducive to the healthy growth of unicorn enterprises. It is believed that the Greater Bay Area will become fertile ground for the growth of unicorn enterprises. 3Glasses will also forge ahead in this fertile ground, living up to the reputation of a ‘potential unicorn’, creating new miracles in the VR industry with top-notch R&D capabilities and high-quality services, allowing more people to enjoy the beauty of virtual reality. The VR industry is blooming, and the future is promising.
